What a joke. 1867 Seated Dime

No, that's not it at all. This is....

"I’m guessing you don’t want to sell that badly if you aren’t open to reasonable offers.”

 

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whats a black book?

 

The Black Book is not highly regarded, but it's an inexpensive and handy reference,
(especially pre internet) and often with some good reading, on errors, colonials, etc.
People think the internet has been around forever. I have been on for 20 years,
but I still remember days with no cell phones, no cds, etc.

 

I like your coin. I am not sure I agree with F-12.

 

Yeah, the reverse is always weak, but it may be a VG10. Still priced right.

 

Are you going acetone/ slab?
I am also in the VG-08/ 10 area. The obverse is better.

 

No idea.

 

I think some of the black stuff will come off, but who knows what is under there.
It's 50/50 for sure.

 

A post about an overpriced coin turns into a discussion about a totally different topic..... wow guys. At least buy me some popcorn.....

 

Sorry.

 

I like the look. Nice crusty original circ-cam.

 

I placed an offer today for $50 for a $65 coin, where around the going eBay rate, and didn't even get a counter offer. Just because it's got the best offer doesn't mean the seller wants to deal.

I usually get offers of 40-60% of my asking price. Its annoying but I don't block. The only time I block is when they don't pay. Although I had a person who sent an offer which I accepted, they waited 3 days and said they would pay on Friday, another 4 days away. Friday comes and goes and I open the dispute for non payment. 2 hours before the non payment is set to go in my favor for the final value fee, they pay. This person might be an exception to the block list... I don't know any other place where you can place an order and wait 11 days to make a payment on it.... outside of eBay.

 

Ok. Back to the original topic guys. So why is the 1867 Dime so undervalued/underrated??? NGC has seen less than 50 in all grades....... Is the Seated Dime Series as a whole just not widely collected?? What is going on with this coin? I’m very intrigued and this really makes me want to obtain a quality example for my collection. Reminds me of the 1809 and 1822 Capped Bust Dimes..... only scarcer.

 

Mintage was 6,000 circulation strikes and 625 proofs.

 

John,
Your purchase is Greer Reverse A which does always come with significant right sided weakness and is an R4 variety per Fortin. There are, however two other reverses that were paired with the DDO obverse and don't all exhibit this weakness.

Interestingly, the DDO reverse A is also later paired with a normal obverse die and is much rarer in this die state due to reverse rotation (R7). In many years of collecting seated dimes I have seen many, many DDO dimes, but only 1 example of the DDO reverse with a non-DDO obverse, which I was happy to purchase.

 

There are a few things to consider regarding the 1867 date as a whole and the initial coin in question. Although I am not an expert, I have collected and studied this series almost exclusively for the past 6+ years and feel qualified to add to the discussion and perhaps clear up some misconceptions.

1. 1867 is widely accepted as the key Philadelphia date in the entire series, which spans 54 years. In my opinion the only dates that are close could be 1863 and possibly 1846, although the 1846 is much more available on the market. One seated specialist dealer, who literally wrote the book on the series, currently has an 1867 listed with the comment "Always been my favorite date."

2. All of the rare Philly dates from 1863-1867 are extremely difficult to locate and even more so in circulated condition. Most collectors do not look for complete mint state collections, thus putting increased demand on circulated issues when they come up. To validate this, PCGS has currently certified 53 coins in all MS grades, but only 29 coins in circulated grades. Coinfacts also currently shows a total of 2! circulated sales total....IN ALL GRADES. The recent HA coin you mentioned is not included in this, but an Ebay XF40 from earlier this year is. I was the underbidder on this XF40 and kind of wish I had been more aggressive in bidding as it was a very nice coin.

3. The AU coin you mention wasn't a particularly nice coin. It had so-so surfaces, odd, splotchy toning and wasn't particularly well struck. I still think it sold cheap but wouldn't really have wanted it in my collection.

4. Back to the originally mentioned coin....I actually think it is very nice for the assigned grade. It went AG because of obverse rim weakness but still has 5 letters of liberty visible and a reverse that is solid Good+ all day long. Not only is 1867 rare in circulated grades, it is even rarer in choice circulated. CAC has approved a total of 2 circulated examples in all grades, only 2! I realize that the original coin does not have CAC approval, but I would view it as a strong candidate. This information does, however, assist in validating the rarity of the 1867 date in choice condition.

Overall, I do agree with you that the original coin is priced high, but not as egregiously as some on here feel. I would personally assume it to be valued around $900-$1000 and would also guess that the seller would be willing to have a discussion in this range. Hopefully my comments have been of some help!

 

maybe he doesn't really want to sell it but if someone is willing to paying that much his gain

 

What's the mintage?

 

Mintage for business strikes is 6,000 pieces. Lowest mintage in the entire series!

 

I asked because you seem knowledgeable about this coin/ series.
I have seen different mintages 6625, 8625 and 6000.
How do I know that 6000 is correct? Where did these sources get the
other figures? Are they adding in proofs? TY